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Jun 28, 2012
06/12
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obama's health overhaul. details next. >>> welcome to "worldwide exchange". this morning. i'm kelly evans. >> i'm ross westgate. >>> european stocks are down ahead of a crucial meeting of european leaders in brussels. german unemployment jumped. >> the fate of president obama's health care reform is expected to be decided today. the supreme court will vote on whether the new rules are constitutional. >> second largest ipo has soared on its market debut in malaysia. >> jpmorgan's trading loss could total $9 billion. four times as much as the bank had originally estimated. >>> good morning to our u.s. viewers who may be tuning in. let's look how futures are pointed. it's a red day in markets. we got the dow slated to open lower by 70 points. nasdaq pointed lower by 1 or 13 and s&p 500 by seven or eight points. not surprising given the tone we've seen across global trading. ftse 300 has weakened in the last little while down .1% after trying to find some gains this morning. of course comes ahead of a crucial mee
obama's health overhaul. details next. >>> welcome to "worldwide exchange". this morning. i'm kelly evans. >> i'm ross westgate. >>> european stocks are down ahead of a crucial meeting of european leaders in brussels. german unemployment jumped. >> the fate of president obama's health care reform is expected to be decided today. the supreme court will vote on whether the new rules are constitutional. >> second largest ipo has soared on its market...
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Mar 21, 2012
03/12
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and president obama kicks off a four-state tour today to promote his energy policies. he visits las vegas, nebraska, and carlsbad today. republicans have been highly critical of the white house in recent weeks for failing to provide consumers with some relief at the gas pump. chloe. >>> the chairman of petroleum industry says he welcomes the government's interest. it's said a bigger issue that one has to deal with sanctions proposed by the european union remains unresolved. japanese companies usually purchase local insurance for crude shipments, but a big chunk of such insurance is sold in european markets. if they cease buying, this will pose serious problems. >> coming up next on the show, we look ahead to the trading day on wall street and ben bernanke and tim guieithner get set to testify before the house oversight committee. stay with us. >>> good morning and welcome back. if you're just joining us, let's take a look at the futures. the dow looking higher right now by nearly 35 points, the nasdaq by 7 and change and the s&p 500 up by nearly 4 points. joining us to
and president obama kicks off a four-state tour today to promote his energy policies. he visits las vegas, nebraska, and carlsbad today. republicans have been highly critical of the white house in recent weeks for failing to provide consumers with some relief at the gas pump. chloe. >>> the chairman of petroleum industry says he welcomes the government's interest. it's said a bigger issue that one has to deal with sanctions proposed by the european union remains unresolved. japanese...
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Sep 7, 2012
09/12
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and speaking of the race for the white house, president obama officially accepting his party's nomination for re-election and making the case for a second term. >> now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell me what you wanted to hear. you elected me to tell you the truth. and the truth is
and speaking of the race for the white house, president obama officially accepting his party's nomination for re-election and making the case for a second term. >> now, i won't pretend the path i'm offering is quick or easy. i never have. you didn't elect me to tell me what you wanted to hear. you elected me to tell you the truth. and the truth is
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Sep 17, 2012
09/12
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later today, a white house official said obama will tell crowds at a campaign tour in ohio that he's initiating a case against beijing over its unfair support of the mainland's auto industry that puts american factories at a disadvantage. ohio of course is heavily dependent on its auto sector and also a political important swing state. >>> meanwhile in spain, tens of thousands took to the streets of madrid over the weekend to protest against austerity measures. the demonstrations were organized by the country's social summit union which represents 150 organizations. spanish prime minister looking to delay or requesting a full sovereign bailout while the finance minister wants to ask for assistance as soon as possible, according too a rep a in the newspaper. for more, staff fan oefane join. how fierce is the debate about when, where and how they get assistance? >> it looks like there is a debate even within the spanish government. if you look at the report, the finance minister believe that the bailout would be the best solution for the spanish economy, but the prime minister still ha
later today, a white house official said obama will tell crowds at a campaign tour in ohio that he's initiating a case against beijing over its unfair support of the mainland's auto industry that puts american factories at a disadvantage. ohio of course is heavily dependent on its auto sector and also a political important swing state. >>> meanwhile in spain, tens of thousands took to the streets of madrid over the weekend to protest against austerity measures. the demonstrations were...
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Mar 15, 2012
03/12
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a white house official said no agreement had been reached between the two leaders. meantime, joining us now to talk more about that and some strategy is the founder and cio and still with us our guest host allison dean. mark, let's start with you. good morning and thank you for joining us today. let's talk about the high gas prices that we're seeing here in the united states in correlation to the crude prices. a lot 0 of geopolitical risk on the table but, of course, you do have obama talking about tapping the strategic reserves, that saudi arabia came out and said we have reserves to back up any supply shortfalls so how big is the issue here? >> i think it's a big issue. it's clearly going to slow consumers in the united states. it's a negleative for obama in e election. so it is a big deal. and even though saudi arabia increased production, we still have geopolitical risk with iraq. so price also stay high. >> okay. so you think it's definitely a concern. i want to shift gathers for a moment and talk a little bit about what we can did see in the markets yesterday.
a white house official said no agreement had been reached between the two leaders. meantime, joining us now to talk more about that and some strategy is the founder and cio and still with us our guest host allison dean. mark, let's start with you. good morning and thank you for joining us today. let's talk about the high gas prices that we're seeing here in the united states in correlation to the crude prices. a lot 0 of geopolitical risk on the table but, of course, you do have obama talking...
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Dec 28, 2012
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. >> president obama calls congressional leaders to the white house today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospe
. >> president obama calls congressional leaders to the white house today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here...
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Dec 24, 2012
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. >> a white christmas. >> super white christmas. gnomes are everywhere. the little guys out under the trees. >>> the deadline to avoid the fiscal cliff is just a week ago. on fri, president obama said he still hoped to work out a deal to keep taxes for 98% of americans from going up on the first of january. but both sides aren't talking and congress is in recess until after christmas. republicans aren't holding out any hope for a deal. >> i would hope that we would have one last attempt here to do what everyone knows needs to be done, which is a larger plan that really does stabilize the debt and get us moving in the right direction. >> if we get down to the end of this year and the oil only choice we have is to save taxes going up on the middle class, then i would support that. but i wish we had a comprehensive bill that dealt with spending and entitlement altogether. >> i believe the president senses a victory at the bottom of the cliff. >> some finger pointing. other republicans are now looking past new year's day to the next battleground. >> i will ra
. >> a white christmas. >> super white christmas. gnomes are everywhere. the little guys out under the trees. >>> the deadline to avoid the fiscal cliff is just a week ago. on fri, president obama said he still hoped to work out a deal to keep taxes for 98% of americans from going up on the first of january. but both sides aren't talking and congress is in recess until after christmas. republicans aren't holding out any hope for a deal. >> i would hope that we would...
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Dec 31, 2012
12/12
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ten months after he was nominated by president obama. baer whob is a white collar criminal defense lawyer used to work at a trade commission. so how should investors be positioning themselves as we head into 2013? here is what some of our guests have been telling us. >> next year is very much you've got to be aware of your idiosyncratic risks out there. clearly, the default cycle is quite low. you know, if companies can finance themselves at very low levels, as long as we don't get a big back up in interest rates or yields for any reason due to sovereign risks elsewhere, then i suspect the cycle will remain quite low. if you look at where valuations are in terms of high yield investment grade, in fact, valuations are still, even after this big move we've had in the last six months compared to where the default cycle is, still look a reasonable value. >> the first half of next year doesn't look all that great. we're counting on the second half of next year after there's a little momentum. once the fiscal cliff gets resolved, we think ther
ten months after he was nominated by president obama. baer whob is a white collar criminal defense lawyer used to work at a trade commission. so how should investors be positioning themselves as we head into 2013? here is what some of our guests have been telling us. >> next year is very much you've got to be aware of your idiosyncratic risks out there. clearly, the default cycle is quite low. you know, if companies can finance themselves at very low levels, as long as we don't get a big...
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Nov 28, 2012
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president obama holds a second ceo summit today at the white house, getting input from top business leaders on how the administration and congress can solve the crisis over, yes, the fiscal cliff. and origin tina's rating is slashed over five notches. we'll speak to a bondholder who once represented the country's creditors. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> as we get into the trading session here in europe, you can see behind me decliners outpacing advancers by about a 4-1 ratio, with stocks shedding about a third of a percent. we'll get to more of that shortly. first take a look at the forces individually to get a sense of where we're seeing the selling pressure and it is pretty much consistent. there's the ibex 35 down .7 of a percent. the ftse down about a third of a percent. not many green spots to find. yesterday we saw that rally in peripheral debt. today we're actually seeing firmer prices across the board, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain e
president obama holds a second ceo summit today at the white house, getting input from top business leaders on how the administration and congress can solve the crisis over, yes, the fiscal cliff. and origin tina's rating is slashed over five notches. we'll speak to a bondholder who once represented the country's creditors. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> as we get into the trading session here in europe,...
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Apr 3, 2012
04/12
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white house says president obama is outraged at the wasteful spending. joining us to talk about these issues and everything really on the docket, steven forbes, forbes media. of course the latest issue of "forbes magazine" featuring matt kemp is on news stands right now. thank so much for joining us about. >> good to be with you. >> let's talk about the story that i just read there about wasteful spending in terms of the government. obviously this is not just an issue under president obama. it's a larger issue. how do we rein in and get a grip on some of the spending? >> well, don't do it. cut back what the government does. you can have many agencies, they become emmercied in the bureaucracy syndrome, and at the end of the day, you'll have massive waste and corruption, so cut back the scale of government. the government is doing a lot of things it does not need to do, so that's the way you do it and uchb fortunately, i love his outrage, but starting with your trillion dollar plus stimulus packages that didn't stimulate but wasted hundreds of billions of
white house says president obama is outraged at the wasteful spending. joining us to talk about these issues and everything really on the docket, steven forbes, forbes media. of course the latest issue of "forbes magazine" featuring matt kemp is on news stands right now. thank so much for joining us about. >> good to be with you. >> let's talk about the story that i just read there about wasteful spending in terms of the government. obviously this is not just an issue...
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Oct 23, 2012
10/12
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president obama last night did deny that report and then he said that hasn't stopped the internal debate from happening over how, when and if tehran might come to the table. so israel was mentioned at least 32 times in the debate last night. both presidential candidates taking the opportunity to express their support for israel in the event of any kind of an attack and reaffirming their commitment to keeping tehran from keeping a nuclear weapon. and of course right now, u.s. military exercises here in israel, those exercises are centered around integrating the country's missile defense systems. but despite those close military ties, there's been no indication that either of the presidential candidates would support any preemptive strike from israel or that that would be welcome. including mitt romney who said that would not actually happen if he were elected president. just hours before the debate, i did get the chance to sit down with the central bank governor stanley fisher and asked him whether he thinks tehran is on the brink of collapse. >> if they collapse, it's through a political
president obama last night did deny that report and then he said that hasn't stopped the internal debate from happening over how, when and if tehran might come to the table. so israel was mentioned at least 32 times in the debate last night. both presidential candidates taking the opportunity to express their support for israel in the event of any kind of an attack and reaffirming their commitment to keeping tehran from keeping a nuclear weapon. and of course right now, u.s. military exercises...
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Nov 9, 2012
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from the white house. and it will be regarding the economy and the deficit. so joining us to make sense of all of these various cross currents is todd horowitz. todd, on top of investors minds is whether dividend rates are going up. >> you know, dividend rates are going to do what they're going to do. and they're going to solve this fiscal cliff. this is again another employ between the two parties waiting until the last minute and they'll ride in on the 11th hour and say we've solved the problem or we'll kick the can down the road for another couple of years. this is not going to be an issue. the market is telling you you that it's not going to be an issue, that it's pricing in still that there is going to be a solve to this. >> what about the dividend rates? how much does this matter? if it's 40%, we've seen 40% before. we saw it in the mid-90s. their suggestion from the senate working group that perhaps it will only be 20%. so how concerned should investors really be? >> i don't think they should be concerned at all. i think a lot is rhetoric. i think we'l
from the white house. and it will be regarding the economy and the deficit. so joining us to make sense of all of these various cross currents is todd horowitz. todd, on top of investors minds is whether dividend rates are going up. >> you know, dividend rates are going to do what they're going to do. and they're going to solve this fiscal cliff. this is again another employ between the two parties waiting until the last minute and they'll ride in on the 11th hour and say we've solved the...
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Nov 15, 2012
11/12
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. >>> president obama spoke out on a range of issues from the white house last night. cnbc's and i monday j cnbc's and i monday jab 12346789. >>> he talked about a range of issues. on the economy and the looming fight over the fiscal cliff, the president said that he would not necessarily be totally satisfied by simply limiting tax deductions. >> i'm not going to on extend further a tax cut for folks who don't need it which would cost throw to a trillion dollars. it's difficult to see how you make that up trillion dollars if we're serious about deficit reduction just by closing loopholes and deductions. >> we saw a feisty barack obama here twice referencing his vehicle taker in the election saying the american people pretty much understood what they were getting with him. but the president did strike a reflective tone when he was asked about his relationships up on capitol hill. >> i think there's no doubt that i can always do better. and so i will, you know, examine ways that i can make sure to communicate my desire to work with everybody so long as it's advancing the
. >>> president obama spoke out on a range of issues from the white house last night. cnbc's and i monday j cnbc's and i monday jab 12346789. >>> he talked about a range of issues. on the economy and the looming fight over the fiscal cliff, the president said that he would not necessarily be totally satisfied by simply limiting tax deductions. >> i'm not going to on extend further a tax cut for folks who don't need it which would cost throw to a trillion dollars. it's...
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Oct 25, 2012
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if this re-election reelects obama, that strategy will have to be reexamined. and an obama without having to run for re-election will have a little bit more leverage to stand his ground especially on not extending the bush tax cuts. so that might slight thely change the dynamic. but i think that everyone realizes this is as much wishful thinking as it is a high conviction forecast. >> all right. greg, stick around. a top story is what to expect from apple. investors expecting as much of a $50 price swing either up or down. find out the whole story on cnbc.com. dane says earnings should be higher than expected. what do you think? do you think apple's results will be a swing factor or not? join the conversation. worldwide@cnbc.com, @cnbcwex. still to come, we'll find out what to expect from the u.s. department of agriculture food price outlook. we'll speak to an expert who says corn is still the one to watch. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get h
if this re-election reelects obama, that strategy will have to be reexamined. and an obama without having to run for re-election will have a little bit more leverage to stand his ground especially on not extending the bush tax cuts. so that might slight thely change the dynamic. but i think that everyone realizes this is as much wishful thinking as it is a high conviction forecast. >> all right. greg, stick around. a top story is what to expect from apple. investors expecting as much of a...
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Mar 9, 2012
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house, do you think that a republican is going to have a better time creating jobs than president obama? >> i think the political debate has demonstrated when it comes to labor market policy both sides of the equation are devoid of any ideas. >> equally incompetent. >> it's a polling of ignorance, if you will. >> that's an interesting point. ross? >> patrick, they may not have the policies. job creation comes down to individuals at companies having confidence, doesn't it, to invest in their business. i suppose does the political climate impact confidence on investment? >> i think it absolutely does. when we look at the polling, one of the things that is striking is employers appear to be gaining confidence as do the households. but when we factor in the political questions as we saw in the debate last year about raising the debt ceiling, very quickly confidence dissipates because the political establishment just doesn't seem to have a grasp of what the real economy is doing. >> so the follow-up question to that is what is the ideal political climate to encourage that confidence to grow?
house, do you think that a republican is going to have a better time creating jobs than president obama? >> i think the political debate has demonstrated when it comes to labor market policy both sides of the equation are devoid of any ideas. >> equally incompetent. >> it's a polling of ignorance, if you will. >> that's an interesting point. ross? >> patrick, they may not have the policies. job creation comes down to individuals at companies having confidence,...
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Jun 29, 2012
06/12
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but what impact will it have on the race for the white house? we'll discuss that after the break. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, this is the next chapter for the rx and lexus. this is the pursuit of perfection. >>> good morning. welcome to the program. you're watching "worldwide exchange". these are your headlines. . financials lead european stocks higher as eu leaders reach a deal in easing the sovereign debt crisis. >> british lenders are reaching a settlement over another scandal this time interest rate hedging products while rbs now engulfed in the libor scandal. >> research in motion delays the launch of its next phone after a deeper than expected loss in the first quarter. >>> president obama's health care reform act has been upheld by the u.s. supreme court. five of the nine justice ruled in favor of the bill and backed the core requirement that all americans buy insurance or pay a fine. the president described the ruling as a victory for people across the country bu
but what impact will it have on the race for the white house? we'll discuss that after the break. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, this is the next chapter for the rx and lexus. this is the pursuit of perfection. >>> good morning. welcome to the program. you're watching "worldwide exchange". these are your headlines. . financials lead european stocks higher as eu leaders reach a deal in easing the...
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Nov 27, 2012
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meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we'r
meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how...
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Jul 18, 2012
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. >>> and still to come on the show, the race for the white house. doesn't appear to be losing any steam during the early dog days of summer. president obama and mitt romney continue to attack each other's records. we'll handicap their odds for taking the oval office this fall next. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> welcome back to "worldwide exchange." let's take a look at how u.s. futures are positioned ahead of the open. dow jones pointed lower by 32 points currently and the s&p 500 and nasdaq both by about four. this, of course, keying off weaker trade sessions in asia, but some strength here in europe, especially of late. keep an eye on that throughout the program. >>> mitt romney has taken his fight against president obama to the king swing state of ohio today. yesterday in pennsylvania the republican candidate accused the president of believing the federal government is more important to a healt
. >>> and still to come on the show, the race for the white house. doesn't appear to be losing any steam during the early dog days of summer. president obama and mitt romney continue to attack each other's records. we'll handicap their odds for taking the oval office this fall next. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> welcome back...
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Nov 6, 2012
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obama tries to campaign on progress from the economy. it still is a relatively high unemployment rate. no republican has won the white house without winning ohio. this is key. the polls, at least the nbc wall street journ until maris poll, has the president opening up a decent lead, but a lot of other polls are tighter than that. in 2008, the president won the state 52% to 47%. so the obama campaign feeling a little bit comfortable as we go into this election day, but not too comfortable. >> scott, the very tightness of the polls you're talking about raises the specter of yet another issue, which is the legality challenges that may come out as a result of this, the provisional ballots, the absentee, early voting. how likely are we focused who ohio not just a barometer, but we see the same issues we saw in florida. >> it depends on on how close the vote is but if it is within say 50,000 votes, it could trig a lot of issues. and there is an army on stand by of lawyers. there was an issue on the early voting. the democrats won. and there is
obama tries to campaign on progress from the economy. it still is a relatively high unemployment rate. no republican has won the white house without winning ohio. this is key. the polls, at least the nbc wall street journ until maris poll, has the president opening up a decent lead, but a lot of other polls are tighter than that. in 2008, the president won the state 52% to 47%. so the obama campaign feeling a little bit comfortable as we go into this election day, but not too comfortable....
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Sep 14, 2012
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. >> very briefly, if obama retains the white house, republicans retain congress, what are the implications for the fiscal cliff? >> we think there is some possibility of a temporary fall over the cliff. not because u.s. policymakers don't understand the implications to the u.s. economy. they are great. but you because it's possible that a new piece of legislation in the new year, in the new term, could be more appealing for both sides to vote on. >> your biggest worry spot on the globe right now? >> the eurozone i think remains the most destabilizing to market. we had good news in terms of headline risk this week with the german decision on the esm. and dutch elections. but there's still plenty of instability to come and i think draghi's actions put the onus now firmly upon the peripheral country leadership. >> and on that point, it's interesting to note the german parliament is preparing to invite mario draghi to address t the budget committee. that shows you sort of the political tension. t t tina, thanks so much for that. >>> and coming up next, trichet says the eurozone must make painf
. >> very briefly, if obama retains the white house, republicans retain congress, what are the implications for the fiscal cliff? >> we think there is some possibility of a temporary fall over the cliff. not because u.s. policymakers don't understand the implications to the u.s. economy. they are great. but you because it's possible that a new piece of legislation in the new year, in the new term, could be more appealing for both sides to vote on. >> your biggest worry spot on...
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Oct 1, 2012
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the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to ask for any government assistance? >> i think they're certainly going to try. but in terms of their market, it will be highly diluted, so it depends on how well it goes down with investors. the stock should open up in about ten minutes time. we've had a couple
the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase...
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Oct 24, 2012
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. >> do you think that the refusal from the white house, from president obama to draw that red line when it comes to teheran's nuclear ambitions, does that represent a failure to your government in terms of the relationship? >> i agree with prime minister netanyahu that a clear red line with a clear timetable would be instrumental, but it's up to the united states to decide exactly what they announced and when. i was encouraged by the statements of both president obama and governor mitt romney, that iran, that they will do everything and they will consider everything, including if necessary the military option in order to prevent a nuclear possession of iran. >> now, of course, we also spoke at length about the israeli economy, especially in light of these geopolitical tensions, and the finance minister reiterated the projected growth for 2013 is at 3%. unemployment is at 6.9%. of course, he's also saying that direct investment in israel is up 40% over precrisis levels. of course, most of that trade between the u.s. and europe and israel. but they've also been looking to china and india
. >> do you think that the refusal from the white house, from president obama to draw that red line when it comes to teheran's nuclear ambitions, does that represent a failure to your government in terms of the relationship? >> i agree with prime minister netanyahu that a clear red line with a clear timetable would be instrumental, but it's up to the united states to decide exactly what they announced and when. i was encouraged by the statements of both president obama and governor...
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Sep 4, 2012
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. >>> still to come, president obama is set to make his pitch for four more years in the white house as the democratic convention kicks off. could the real focus be on friday's jobs report? we'll discuss that. >>> welcome back to "worldwide exchange." >>> the ecb moves closer to unveiling bond-buying plan as president draghi insists it will not breach rules on state aid. >>> australian central bank keeps rates on hold as australia's biggest iron ore producers slashes spending. >>> u.s. political stage moves from tam that to charlotte where democrats kick off their convention today, launching president obama's re-election bid. >>> u.s. markets are back open after taking a breather for the u.s. holiday. looks like traders are coming back and bidding up the market. the dow jones is implied to open higher by only ten points, 13,090 is the level. nasdaq looking to add five points. s&p barely in green. take a look at what mood we've been looking at across the globe. fractionally negative, down 0.16% but the cnbc ftse global 00. european markets digesting drag draghi's comments yesterday bu
. >>> still to come, president obama is set to make his pitch for four more years in the white house as the democratic convention kicks off. could the real focus be on friday's jobs report? we'll discuss that. >>> welcome back to "worldwide exchange." >>> the ecb moves closer to unveiling bond-buying plan as president draghi insists it will not breach rules on state aid. >>> australian central bank keeps rates on hold as australia's biggest iron ore...
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Nov 16, 2012
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stick around, because still to come on the show, president obama is hosting top lawmakers at the white house to try to hammer out a deal on the looming increase. but is time running out. >>> these are your headlines. president obama meets with top u.s. lawmakers today it begin budget talks as the fiscal cliff deadline looms. air strikes between israel and militants in gaza continue despite a three hour cease fire. and japan may see its sixth -- that is seventh prime minister in section years as the country dissolves its lower house and sets the stage for come back of a former prime minister. dous jones looking to open lower by about 20 points at the open. nasdaq and s&p also pointed lower. it's been a risk off period. the ftse global 300 suggests there is not much to turn around sentiment this morning. we're down about a little more than a tenth of a percent in overnight trade. only the nikkei really helping to bolster things overnight. european markets are also in the red this morning. a little bit -- we've actually moved more to the down side. how do you make money? this is what our
stick around, because still to come on the show, president obama is hosting top lawmakers at the white house to try to hammer out a deal on the looming increase. but is time running out. >>> these are your headlines. president obama meets with top u.s. lawmakers today it begin budget talks as the fiscal cliff deadline looms. air strikes between israel and militants in gaza continue despite a three hour cease fire. and japan may see its sixth -- that is seventh prime minister in section...
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Jul 9, 2012
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white house official says the move could cushion the u.s. and have an impact on higher taxes. the bush cuts will expire january 1st. part of the so-called fiscal cliff that includes automatic spending cuts. the head of the international olympic committee is not loving it. he tells the "financial times" he's questioning whether fast food and soft drink companies like mcdonald's and coca-cola should be allowed to don't sponsor the games. his comments come amid the growing obesity problem. mcdonald's has sponsored the olympics for 30 years. >> my sense is tingling. must mean a lot of people went to the movies watching the web slinging hero, the amazing spiderman. the movie is a we boot of successful spiderman trilogy. it's made $140 million since opening last tuesday. $340 million worldwide although, becky, to be sure a little bit shy of the success of its predecessor. >> looks like a lot of fun being spiderman. >> does have andrew garfield. >> i'm a bit biassed. this is was going on with the market action down across the board. the ftse down a third of a percent. in spain, the i
white house official says the move could cushion the u.s. and have an impact on higher taxes. the bush cuts will expire january 1st. part of the so-called fiscal cliff that includes automatic spending cuts. the head of the international olympic committee is not loving it. he tells the "financial times" he's questioning whether fast food and soft drink companies like mcdonald's and coca-cola should be allowed to don't sponsor the games. his comments come amid the growing obesity...
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Oct 26, 2012
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the race for the white house is getting even tighter especially in the crucial swing states. the latest nbc "wall street journal" poll shows mitt romney has pulled even with president obama in colorado and is trailing narrowly in nevada. both candidates have been crisscrossing the country this week with particular attention paid to ohio which has correctly picked every election winner since 1960. spending heavy of course is a necessity if you want to become president of the united states as as the campaign heats up, aim mond and i monday j. >> it's an enormous price tag. they've spent more than $1.483 billion so far and that number is still climbing. here are the numbers. the top three pro obama super pacs dumped in $53.7 million according to the center for responsive politics. team obama comes in with over $779 million in spending. romney campaign spent over $298 million. republican national committee piled on another $249 million. and the top three pro romney super pacs added a whopping $156.5 million. again according to the center for responsive politics. total spent, more
the race for the white house is getting even tighter especially in the crucial swing states. the latest nbc "wall street journal" poll shows mitt romney has pulled even with president obama in colorado and is trailing narrowly in nevada. both candidates have been crisscrossing the country this week with particular attention paid to ohio which has correctly picked every election winner since 1960. spending heavy of course is a necessity if you want to become president of the united...
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Dec 17, 2012
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a spokesman says a budget deal still remains far off and the white house has reportedly not accepted the offer. >>> president obama says he brought the prayers of the nation to the pete of newtown, connecticut, a town shattered by friday's shooting and elementary school. 26 people were killed, including 20 children, before the gunman killed himself. speaking at the service, the president noted this was the fourth time he's had to console a community during his time in office. and he demanded changes in the way the u.s. deals with gun violence. >> we will be told that the causes of such violence are complex. and that is true. no single law, no set of laws can eliminate evil from the world or prevent every senseless act of violence in our society. but that can't be an excuse for ip action. surely we can do better than this. >> the president says he will meet with a group of law enforcement parents and teachers in an effort to prevent future tragedies. several democratic lawmakers are now calling for a new push on tougher u.s. gun laws, including a ban on military-style assault weapons.
a spokesman says a budget deal still remains far off and the white house has reportedly not accepted the offer. >>> president obama says he brought the prayers of the nation to the pete of newtown, connecticut, a town shattered by friday's shooting and elementary school. 26 people were killed, including 20 children, before the gunman killed himself. speaking at the service, the president noted this was the fourth time he's had to console a community during his time in office. and he...
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Jul 27, 2012
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what's their incentive to compromise with obama. in that kind of situation you have a lot of speculation for a few months all that fiscal tightening will be allowed to happen. it will depend a lot on the extent to which obama and his transition team and the republican leadership can reassure the markets that they have a plan very quickly after inauguration to retroactively undo any of that tightening that happens. >> greg, stick around. more from you. we got more from german government spokesman from the finance ministry. issued a statement regarding the situation. we'll do all in its power to do whatever is that. more importantly they are saying that they have received no application from spain for the esf to buy bonds and they have said the discussion about esf bond buying was purely splaektive. >> the treaty doesn't envision a license. coming up we'll head out the madrid as they comments throw a spin on markets this morning. stay with us. [ female announcer ] e-trade was founded on the simple belief that bringing you better techn
what's their incentive to compromise with obama. in that kind of situation you have a lot of speculation for a few months all that fiscal tightening will be allowed to happen. it will depend a lot on the extent to which obama and his transition team and the republican leadership can reassure the markets that they have a plan very quickly after inauguration to retroactively undo any of that tightening that happens. >> greg, stick around. more from you. we got more from german government...
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Jun 4, 2012
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tony, people were pointing out you can watch president obama's re-election odds drop in tandem with the s&p 500. how much pressure is the administration putting on europe to sort this out knowing that thir own election could be on the line? >> huge pressure, but you have to remember it's not all europe in the case of the united states. we've been looking at u.s. numbers for a while that are really not connected to what's happening in europe. europe is creating a lot of pressure, china and a lot of the external economies. but a lot of it is internal, also. and we've seen, you know, a lot of indicators come off their rate of increase in recent months and we have a sense that things were slowing down. we saw it coming out in terms of weekly jobless claims reversed. instead of declining, were increasing. so we started worrying about where things were going. so it is a huge political problem here for the president to be in this environment. we thought with the second half of the year that it was going to be tough to keep know then item in the economy and that momentum has sloan down a lot ea
tony, people were pointing out you can watch president obama's re-election odds drop in tandem with the s&p 500. how much pressure is the administration putting on europe to sort this out knowing that thir own election could be on the line? >> huge pressure, but you have to remember it's not all europe in the case of the united states. we've been looking at u.s. numbers for a while that are really not connected to what's happening in europe. europe is creating a lot of pressure, china...
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Dec 18, 2012
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over the weekend, john boehner apparently came back to the white house and said he would be willing to consider higher tax rates on people making over $1 million. the president responded and said why don't we make it $400,000? that was an important concession from both sides. the president wanted to raise rates on everybody making over $250,000. so there's still space between the two, but they are moving towards each other and they have actually sort of erased their previous lines in the sand. the other key thing is that the president has fort first time signaled movement on benefit cuts on entitlement. he has now opened to changing the cost of living formula for social security. now, that had previously been off the table. that's important because republicans, in order to get anything out of these deals and agree with some space saving gesture to the tax race increases, they need the benefit. >> we'll need to see the package to see what this means for the economy. but some of the worst outcomes are probably not the likeliest outcomes right now. the worst outcome would have been going
over the weekend, john boehner apparently came back to the white house and said he would be willing to consider higher tax rates on people making over $1 million. the president responded and said why don't we make it $400,000? that was an important concession from both sides. the president wanted to raise rates on everybody making over $250,000. so there's still space between the two, but they are moving towards each other and they have actually sort of erased their previous lines in the sand....
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Sep 25, 2012
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president obama is speaking at 10:00 a.m. he's also expectth expeed to ad tensions in iran before hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >> if you think about all the other industries that have gotten more competitive, more profitable, the banking sector and insurance sector have been laggards behind it and they employ a lot of people. so they'll see significant layoffs. interesting for goldman, they're cutting all of their highest paid people. so it's not a great time. i think the industry is as bad as i've seen it. >> so how bad is it going to get? joining us for more is bank equity research and european banking editor. welcome to you both. do you agree with meredith whitney, is it as bad as
president obama is speaking at 10:00 a.m. he's also expectth expeed to ad tensions in iran before hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >>...
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Dec 4, 2012
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cliff. >>> and president obama is meeting with a group u.s. governors today around 10:00 a.m. eastern. it includes jack markell, mary fallon, scott walker. the governors will discuss how the fiscal cliff will impact their states and possible solutions. it's also expected to meet with house republicans, as well, this week. >>> and oracle is amongst the latest of speeding up their dividend pay outs to avoid possible tax hikes because of the fiscal cliff. they will pay dividends a total of 18 cents a share for the next three quarters. larry ellison didn't take part in the decision, but he will benefit. he own as 23% stake in the company, so he'll receive around $198 million. yes, you heard it right. oracle stock down 0.8% despite that in frankfurt. still to come, interest rates in australia are moving down. down under. find out what central bank is worried about when we come back. >>> australia central bank held its rate setting meeting. matthew taylor has the details. >> the market had been pricing in a 25 basis point rate cut and the reserve ba
cliff. >>> and president obama is meeting with a group u.s. governors today around 10:00 a.m. eastern. it includes jack markell, mary fallon, scott walker. the governors will discuss how the fiscal cliff will impact their states and possible solutions. it's also expected to meet with house republicans, as well, this week. >>> and oracle is amongst the latest of speeding up their dividend pay outs to avoid possible tax hikes because of the fiscal cliff. they will pay dividends...
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Dec 7, 2012
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president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly three months from november. and at 3:00 p.m., we get october consumer credit. as far as futures right now ahead of that report, they are called for slightly downward start to u.s. programming. right now the dow is some 12 points below fair value. the nasdaq is currently gist over three points below fair value and s&p 500 about one point below. todd horowi
president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the...
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Dec 27, 2012
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but the white house officials tell me there are no signs of progress yet. they have to hope that when members come back to washington on the 27th, that is thursday wblg that both the president, democrats in the senate, republicans in the senate and then both parties in the house can come together on at least a short-term deal. back to you. >> a short-term deal. joining us now is tim stanley, a u.s. historian at oxford university. welcome. >> good morning. >> we've been following this together for the last several months. how do you feel about the prospects of a deal before monday? >> not so bad about that, actually. last week i felt quite good about a deal happening. >> what changed? >> it turned out that boehner didn't have the votes, a mistake i made, i think, and some other people made, too. not thinking enough about the hard core conservative republicans who were not going to vote for any kind of tax increase, either because they didn't think they could sell it. so we're now moving over this new phase. we have a couple of days in which some say it could
but the white house officials tell me there are no signs of progress yet. they have to hope that when members come back to washington on the 27th, that is thursday wblg that both the president, democrats in the senate, republicans in the senate and then both parties in the house can come together on at least a short-term deal. back to you. >> a short-term deal. joining us now is tim stanley, a u.s. historian at oxford university. welcome. >> good morning. >> we've been...
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Dec 14, 2012
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president obama and john boehner meet face-to-face at the white house. >>> shanghai shares post their biggest daily gain in more than three years ago china gets ready to start its new plan. dmvt domestic demand is strong enough to boost growth. japan's business sentiment sours in the fourth quarter. this reading comes just two days before a nationwide vote. polls suggest they would hand the opposition with a landslide win. >> announcer: you're watching "worldwide exchange," bringing us business news from around the globe. >>> as we indicated, mixed data overnight with some stronger reads out of rash ya and europe. but also some weaker ones. these cross currents where you have stronger rebalance, can i china strengthening and a decline in france left futures pretty much pointed higher in the u.s. the dow is poised about 39 points higher in the open. the cnbc ftse global 300 gives you a rough idea of what we've been seeing. we're roughly flat, down .03% at this point. the ftse is mixed. so, too, is the cac 40 in paris. is xetra dax has added .2%. the risk on/risk off is certainly a corr
president obama and john boehner meet face-to-face at the white house. >>> shanghai shares post their biggest daily gain in more than three years ago china gets ready to start its new plan. dmvt domestic demand is strong enough to boost growth. japan's business sentiment sours in the fourth quarter. this reading comes just two days before a nationwide vote. polls suggest they would hand the opposition with a landslide win. >> announcer: you're watching "worldwide...
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Mar 26, 2012
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we dealt with it back when i was the assistant secretary to the treasury, at the white house. a president is going to get blamed for high gasoline prices. that's never going to change. i think we would see that again, so it would be a huge hit to president obama's re-election prospects in what will be a close election. >> pain at the pump of course, guys, a big issue. but still to come, facebook and twitter have come a long way from being just the next passing fad. but is there potential being fully tapped by the corporate world? we'll get an inside view coming up next. >>> >>> facebook set to go public this spring and twitter recently celebrated its sixth anniversary. both sites have managed to flex their muscles for movements like the arab spring and also made instant millionaires out of partners like zynga. james andrews is joining us. let's talk about some of the social media outlets. you have brands tapping into these outlets and getting in some sense free advertising, freeways of driving their message that we've never seen before. what's the impact of this? >> huge. bran
we dealt with it back when i was the assistant secretary to the treasury, at the white house. a president is going to get blamed for high gasoline prices. that's never going to change. i think we would see that again, so it would be a huge hit to president obama's re-election prospects in what will be a close election. >> pain at the pump of course, guys, a big issue. but still to come, facebook and twitter have come a long way from being just the next passing fad. but is there potential...
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Dec 10, 2012
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lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and democrats haven't been too receptive to their idea owes entitlement reforms. for more on this, jens is still with us. we've got, what, two working weeks until the end of the year. what's your base view here as to how this plays out? >> our base case is that we will get a type of deal probably later until the year. so i don't think it will be much of a christmas holiday for the key negotiators. i would say 60% to 70% probability that we get that pancake deal. then the details will have to be hammered out next year on a more comprehensive tax reform and so forth. if that's the case, then that should give a bit of a boo
lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and...
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Aug 24, 2012
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the first two years because he had democrats controlling obviously the executive branch within the white house and legislative branch. but over these last two years he also had an opportunity to really try to show some leadership and i think that this election is going to be a lot about that, about are you better off now than you were four years ago, could he have done things over the last four years to at least move the ball down the field. but, you know, it's something you're going hear from the romney/ryan campaign over the next few months. >> trey, thanks for that. >> you bet. >> thanks so much for joining us. >>> still to come on "worldwide exchange," angela merkel and francois hollande delivered some strong words to greece after meeting in berlin on thursday. leaders insisted greece must stand by their commitments. today merkel is meeting with the greek prime minister antonis samaras. he's expected to push for concessions having claimed the economy needs room to breathe. tomorrow antonis samaras will meet with francois hollande. silvia is in berlin. very strong words going in befor
the first two years because he had democrats controlling obviously the executive branch within the white house and legislative branch. but over these last two years he also had an opportunity to really try to show some leadership and i think that this election is going to be a lot about that, about are you better off now than you were four years ago, could he have done things over the last four years to at least move the ball down the field. but, you know, it's something you're going hear from...
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Aug 20, 2012
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the agency, japan and south korea all said there was no need for the white house to release strategic reserves. joining us now for more is senior oil strategist at bp. do you expect brent nymex spread to keep widening and is it just this spr release that's feeding in to that? >> starting with the suggested stock release, in essence, the iaea only recommends a release of stocks if there's a supply disruption which technically there isn't, there's just high price. the iaea encourages collective actions that's why it's disapproving against any potential release of u.s. crude stocks. in terms of brent versus wti the issues affecting both crews are separate and in the u.s. wti is land locked crude, essentially a cushion and has been affected by light shale production, oil production. brent is affected by a lot of maintenance and been affected by more international rate of thing. we expect the differential to not close but remain wide at $13 or $14. >> how much does mid east tension feed into that. >> it feed into the brent side of the equation it reduce -- although saudi arabia is offsetti
the agency, japan and south korea all said there was no need for the white house to release strategic reserves. joining us now for more is senior oil strategist at bp. do you expect brent nymex spread to keep widening and is it just this spr release that's feeding in to that? >> starting with the suggested stock release, in essence, the iaea only recommends a release of stocks if there's a supply disruption which technically there isn't, there's just high price. the iaea encourages...
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Aug 13, 2012
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president obama will use his trip to iowa today to announce measures to help farmers suffering from the severe drought in the midwest. white house officials say the usda will buy up to $170 million worth of pork, chicken, lamb and cat fish left lane go towards programs like food banks. the president will push congress to pass the farm bill. the g-20, meantime, will hold emergency discussions in a response to global food prices. officials could meet within the next month as drought raf aems large areas of the u.s. last week, the u.s. government reported farmers in the country were abandoning cornfields covering an area larger than luxembourg and -- combined. >> that is a big number. all of this, of course, as milan is gearing up for the expo 2013 which is seen as feeding the planet. it will focus on food safety as well as quality. louisa caught up with someone who explains how organizers are hoping to make this expo one that stands out. >> for example, in the last position in sangai, there was a group acourting to all the geographics together, all the south pacific together and now the c
president obama will use his trip to iowa today to announce measures to help farmers suffering from the severe drought in the midwest. white house officials say the usda will buy up to $170 million worth of pork, chicken, lamb and cat fish left lane go towards programs like food banks. the president will push congress to pass the farm bill. the g-20, meantime, will hold emergency discussions in a response to global food prices. officials could meet within the next month as drought raf aems...
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Sep 6, 2012
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managing director and former white house deputy press secretary. cnbc contributor. tony, good morning. thanks for getting up for us. we're seeing bill clinton's speech sort of widely being praised. do you share the enthusiasm? do you think it helps president obama? >> reporter: well, look, it was a terrific speech. bill clinton, he always gave a great speech. he didn't always. he became throughout his career a much better speech giver. he gave a terrific speech for the partisan crowd here in charlotte. i think that's the real question, kelly, you know, whether the speech is really going to fire up the bases of the democratic party going into the rest of this election or is it something that can appeal to independents. you know, i think what are independents looking for? it's a vision for the future. what we're seeing so far is we have the best defense they can make of the obama administration at this point. >> what's interesting, tony, is republicans have managed to clearly shape the debate about whether americans are better now than they were four years ago. do you
managing director and former white house deputy press secretary. cnbc contributor. tony, good morning. thanks for getting up for us. we're seeing bill clinton's speech sort of widely being praised. do you share the enthusiasm? do you think it helps president obama? >> reporter: well, look, it was a terrific speech. bill clinton, he always gave a great speech. he didn't always. he became throughout his career a much better speech giver. he gave a terrific speech for the partisan crowd here...
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Jan 31, 2012
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tensions are rising as the white house prepares for a visit by the man who is expected to be china's next leader. "the new york times" says a dprup of unions, democratic politicians, and trade groups are urging the obama administration to file a series of cases against china in the auto industry. they say china unfairly subsidizes local autoparts makers and restricts exports of crucial raw materials. it comes ahead of a visit by the vice president in two weeks who is expected to succeed president jintao. >>> florida residents will start voting in the state's presidential primary. polls show mitt romney is opening a comfortable double digit lead over newt gingrich who just a week ago was the front r front-runner. a majority of those surveyed say romney is the better candidate to fix the u.s. economy. gingrich isn't giving up yet. he's vowing to fight on until the republican convention in september. >> let's get a thought on this from david. i don't know if i'd say this -- well, we are in the states. how much of a distraction is the u.s. election? >> it is a it distraction and it's imp
tensions are rising as the white house prepares for a visit by the man who is expected to be china's next leader. "the new york times" says a dprup of unions, democratic politicians, and trade groups are urging the obama administration to file a series of cases against china in the auto industry. they say china unfairly subsidizes local autoparts makers and restricts exports of crucial raw materials. it comes ahead of a visit by the vice president in two weeks who is expected to...
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Dec 12, 2012
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the white house says the administration has made extensive proposals to reduce spending. but republicans haven't offered specifics on revenue increases. >>> let's turn to monetary policy. we've got spencer dale from the bank of england out reiterating his relatively hawkish stance when it comes to what the central bank can achieve in the u.k., warning that inflation is sticky and saying spare capacity is not a great gauge of inflation. pressures saying that monetary policy can only play a limited role in easing the country's painful economic adjustment. this, of course, in contrast to mark carney's comments yesterday. the incoming bank of england governor saying that in fact monetary policy can be quite effective and maybe should be more aggressive in time of low growth. and he perhaps would like to scrap the inflation target that his brpredecessor introduced altogether. >>> the federal reserve wraps up its two-day policy meeting this afternoon with a decision due at 12:30 p.m. eastern. will be followed by updated projections and ben bernanke's prius briefing. the fed --
the white house says the administration has made extensive proposals to reduce spending. but republicans haven't offered specifics on revenue increases. >>> let's turn to monetary policy. we've got spencer dale from the bank of england out reiterating his relatively hawkish stance when it comes to what the central bank can achieve in the u.k., warning that inflation is sticky and saying spare capacity is not a great gauge of inflation. pressures saying that monetary policy can only...
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Aug 31, 2012
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on the road to the white house the next stop is a democratic national convention. dnc being held in charlotte, north carolina from september 3rd through 6th. barack obama, joe biden and rahm emanuel will all take the stage. then after that, it's the start of the presidential debates, romney and obama squaring off on october 3rd in denver. vps are up next they go head-to-head in danville, kentucky on the 11th of october and followed by another presidential debate on the 16th in new york. and then a final turn on the floor for obama and romney on october the 22nd, in boca raton, florida. ahead of the general election on november 6th. still to come on today's program, how investors are going to react? will they be disappointed when they hear from ben bernanke? we'll be out to jackson hole right after this. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your fina
on the road to the white house the next stop is a democratic national convention. dnc being held in charlotte, north carolina from september 3rd through 6th. barack obama, joe biden and rahm emanuel will all take the stage. then after that, it's the start of the presidential debates, romney and obama squaring off on october 3rd in denver. vps are up next they go head-to-head in danville, kentucky on the 11th of october and followed by another presidential debate on the 16th in new york. and...
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Sep 5, 2012
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that's your road map to the white house. >>> now, if you're just joining the program, reminder, these are your headlines this morning. fedex cutting its forecast, warning of a sharp decline in global manufacturing. >>> and first lady michelle obama firing up the base at the democratic national convention. >>> michelle obama says the promises her husband made in his first term have proven difficult but asked voters to give him a second term. she is one of the speakers at the democratic national convention tuesday night. she says president obama is aware of and knows the struggles of everyday american. >> he believes that when you've worked hard and done well and walked through or walked through that doorway of opportunity, you do not slam it shut behind you. no, you reach back and you give other folks the same chances that help you succeed. >> cnbc's own chief washington correspondent john harwood joins us now from the dnc in charlotte. thanks for getting up to join us this morning. it's good to see you. >> good morning. >> tell us, did michelle obama score a political win, at least so
that's your road map to the white house. >>> now, if you're just joining the program, reminder, these are your headlines this morning. fedex cutting its forecast, warning of a sharp decline in global manufacturing. >>> and first lady michelle obama firing up the base at the democratic national convention. >>> michelle obama says the promises her husband made in his first term have proven difficult but asked voters to give him a second term. she is one of the speakers...